Resource as Good or Service

A resource can be defined as anything that is used to produce goods or services that satisfy human wants. Resources can be classified into two broad categories - goods and services. However, a resource cannot be limited to either goods or services, and it can be both.

Goods

Goods are physical objects that can be seen, touched, and felt. They are tangible items that can be consumed or used to satisfy human wants. Examples of goods include cars, clothes, food, and furniture. Goods can be classified into consumer goods and producer goods.

Services

Services are intangible products that cannot be seen, touched, or felt. They are activities or performances that are performed by one person for the benefit of another. Examples of services include banking, education, healthcare, and transportation. Services can be classified into consumer services and producer services.

Goods and Services as Resources

Resources are inputs that are used to produce goods or services. A resource can be both a good and a service. For example, a computer is a good that can be used to produce services such as accounting, programming, and web designing. Similarly, a doctor is a service provider who uses medical equipment (a good) to provide healthcare services.

Conclusion

In conclusion, a resource is not limited to either goods or services. It can be both a good and a service, depending on the context in which it is used. Therefore, option C is the correct answer.